04 July 2014
Dear Expert, If an assessee is buying and selling only Exempted goods..Shall he be eligible for VAT Registration even though his Turnover is over Rs 25Lacs..??
It is okay. The assessee (you) can go for registration under the state VAT Act, even if the goods are exempted under the act and he can file nil taxable return showing his turnover under exempted column.
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